PIPPIN’s 66% Crash Wasn’t a Surprise-But the Chart Was

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PIPPIN has suffered a devastating 66% crash, but the collapse was not sudden. The decline represents a breakdown that had been forming over several months. 

The severity of the move, however, has triggered serious concern about PIPPIN’s near-term recovery prospects. Good luck with that, folks. The chart had been screaming at you for months, and you chose to ignore it. What a tragedy.

The Decline Was The Result Of PIPPIN Traders’ Actions

Funding rate data reveal that trader sentiment turned sharply bearish in the days preceding the collapse. Short positions began outpacing longs, building structural downward pressure on PIPPIN’s price. It’s like watching a toddler throw a tantrum, except the tantrum is in your bank account.

Historical precedent makes the current situation more concerning. Previous instances of similar funding rate shifts have reliably preceded meaningful price drops for PIPPIN. With shorts continuing to dominate longs at the time of writing, the derivatives market is signaling that selling pressure has not yet exhausted itself, raising the probability of further downside ahead. Because nothing says “I’m thrilled” like a 66% crash.

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Coin Days Destroyed data registered a sharp spike for the first time in over two weeks, a significant development for PIPPIN’s outlook. This spike indicates that long-term holders are moving previously dormant coins, a behavior historically associated with selling activity. Oh, great-long-term holders are finally getting active. Probably to sell, because why else would they move coins?

Long-term holders did not initiate the original price drop, but their selling has meaningfully amplified the downward momentum. The last time CDD spiked at a similar magnitude, PIPPIN experienced an extended period of price weakness. It’s like a bad haircut-once it’s done, you’re stuck with it.

Their considerable market influence means continued LTH distribution will sustain selling pressure and complicate any recovery attempt in the near term. Because nothing says “I’m optimistic” like a group of people who’ve held onto their coins for years suddenly deciding to sell them all at once.

PIPPIN Price Has a Long Way Down

PIPPIN is trading at $0.123, having visibly broken down from a double top pattern that formed over the past three months. This technical formation projects a near 80% decline from the breakdown point, targeting a slip below the $0.037 support level. If you’ve ever wondered what a “double top” looks like, it’s like a bear’s version of a “I’m not angry” meme.

The 66% drop over 48 hours triggered the breakdown, and the combination of negative funding rates and LTH selling confirms the decline is likely to continue. Losing the $0.100 psychological support level would deepen bearish conviction, removing a critical floor that many investors have been watching closely. Because nothing says “I’m confident” like a support level that’s clearly not a floor.

Bargain hunters entering at current depressed levels represent the primary bullish scenario. Aggressive accumulation could reverse the drawdown. Reclaiming $0.238 would invalidate both the bearish thesis and the double top pattern, signaling a genuine structural recovery for PIPPIN. Or, you know, it could be a trap. But hey, at least the chart’s been warning us. Who needs a crystal ball when you have a chart, right?

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2026-03-18 17:25